GreenTech company / sustainable agriculture

Centric IT - GreenTech commitment

Through everything that the Centric IT company does, which develops and operates this web portal of software services as a SAAS service, it makes a commitment in the direction and on the path of GreenTech values! That's why below we will detail what GreenTech really means.

What is GreenTech?

Green technology refers to a type of technology that is considered environmentally friendly based on its manufacturing process or its supply chain. Green technology – short for "green technology" – can also refer to the production of clean energy, the use of alternative fuels, and technologies that are less harmful to the environment than fossil fuels.

Although the green technology market is relatively young, it has garnered significant investor interest due to increasing awareness of the impact of climate change and the depletion of natural resources.

Key principles

Green technology is an umbrella term that describes the use of technology and science to reduce human impact on the natural environment.

Green technology encompasses a wide area of scientific research, including energy, atmospheric science, agriculture, materials science and hydrology.

Many green technologies aim to reduce emissions of carbon dioxide and other greenhouse gases to prevent climate change.

Solar energy is one of the most successful green technologies and is now cheaper to use than fossil fuels in many countries.

Investors can support green technology by buying stocks, mutual funds or bonds that support green technology.

Understanding green technology

Green technology is an umbrella term that describes the use of technology and science to create products and services that are environmentally friendly. Green technology is related to clean technology, which specifically refers to products or services that improve operational performance while reducing costs, energy consumption, waste, or negative environmental impacts.

The goal of green technology is to protect the environment, repair past environmental damage, and conserve Earth's natural resources. Green technology has also become a booming industry that has attracted enormous amounts of investment capital.

The use of green technology may be a stated objective of a business segment or a company. These goals are usually described in a company's environmental, sustainability and governance (ESG) statement or can even be found in a firm's mission statement. Increasingly, socially responsible investors are looking to narrow their potential investments to include only companies that specifically employ or produce green technologies.

History of green technology

While green technology has become increasingly popular in the modern era, elements of these business practices have been in use since the Industrial Revolution. Beginning in the early 19th century, scientists began to notice the ecological impact of coal-burning industrial facilities, and manufacturers sought to reduce their negative environmental externalities by modifying production processes to produce less soot or waste secondary.

In the United States, one of the most important milestones was World War II. To reduce consumption and waste, over 400,000 volunteers began collecting metal, paper, rubber and other materials for the war effort.

After the war, scientists such as Rachel Carson began to warn of the consequences of chemical pesticides, while doctors abroad reported mysterious illnesses associated with nuclear radiation. Many point to this era as the genesis of the environmental movement, which sought to preserve ecosystems and resources while raising awareness of the consequences of runaway technology.

Government bodies have slowly recognized the importance of protecting environmental resources. Curbside recycling programs became common in the following decades, increasing awareness of household waste. The Environmental Protection Agency, established in 1970, set firm requirements on pollution and waste and set mandates for coal-fired scrubbers and other clean technologies.

Types of green technology

Green technology is a broad category that encompasses many forms of environmental remediation. While climate change and carbon emissions are now considered among the most pressing global issues, there are also many efforts to address local environmental hazards. Some seek to protect certain ecosystems or endangered species. Others seek to conserve limited natural resources by finding more sustainable alternatives.

Alternative energy

To provide a viable alternative to fossil fuels, many businesses are looking to create alternative energy sources that do not generate atmospheric carbon. Solar and wind power are now among the cheapest sources of energy, and solar panels are affordable to U.S. homeowners on a consumer scale. Other alternatives, such as geothermal energy and tidal energy, have yet to be implemented at scale.

Electric vehicles

Nearly one-third of U.S. greenhouse gas emissions come from transportation activities, according to the Environmental Protection Agency.

Many manufacturers are exploring ways to reduce car emissions, either by designing more fuel-efficient engines or switching to electric power.

However, electric vehicles require a number of innovations in other areas, such as high-capacity rechargeable batteries and charging infrastructure. Furthermore, the benefits of electric vehicles are limited by the fact that many electricity grids still rely on fossil fuels.

Sustainable agriculture - durable

Agriculture and animal husbandry have a substantial environmental footprint, from the high costs of land and water use to the ecological consequences of pesticides, fertilizers and animal waste. As a result, there are many opportunities for green technology in agriculture. For example, organic farming techniques can reduce damage from soil depletion, innovations in cattle feed can reduce methane emissions, and meat substitutes can reduce animal consumption.

Recycling

Recycling aims to conserve limited resources by reusing materials or finding sustainable substitutes. While waste plastic, glass, paper and metal are the most common forms of recycling, more sophisticated operations can be used to recover expensive raw materials from e-waste or auto parts.

Carbon capture

Carbon capture refers to a group of experimental technologies that aim to remove and sequester greenhouse gases, either at the point of combustion or from the atmosphere. This technology has been heavily promoted by the fossil fuel industry, although it has yet to live up to these expectations.

The largest carbon capture facility can absorb 4,000 tons of carbon dioxide per year, a tiny amount compared to annual emissions.

70% The amount of new energy capacity that comes from wind and solar power.

Adoption of GreenTech

While green technology is a broad and difficult category to define, some types of green technology have seen widespread adoption. Several countries have launched initiatives to eliminate single-use plastics, a goal that would require considerable investment in alternatives such as paper substitutes, bioplastics or recycling technologies. Singapore, for example, has committed to 70% recycling by 2030.

Renewable energy is another frontier for the adoption of green technology, with fossil fuels being recognized as an important driver of climate change. According to the Energy Information Administration, solar and wind together accounted for 70% of new energy capacity added in 2021.

Globally, global investment in all sources of renewable energy exceeded $300 billion in 2020.

Article source Investopedia